New housing supply-chain report recommends transparent, plain-language risk disclosure via a climate score, to combat natural disaster losses in Canada
A key recommendation from the research is the creation of a "climate score" for houses, called the Real Estate Climate Risk Index.
- A key recommendation from the research is the creation of a "climate score" for houses, called the Real Estate Climate Risk Index.
- The findings are published in the report "Designing the Path to Climate Compatibility: Climate Risk Disclosure and Action in the Canadian Housing Context."
- "Canada must develop a universal climate risk disclosure system by 2025," said Craig Stewart, Vice-President, Climate Change and Federal Issues, IBC.
- In addition to the Climate Risk Index, the report recommends developing an Action Matrix.